Common Contracts

LOAN AGREEMENT

Loan Agreement • December 15th, 2004

• Contract Type
  Loan Agreement
• Filed
  December 15th, 2004

WHEREAS (A) the Bank has received a letter dated November 6, 2002 from the Borrower describing a program of actions, objectives and policies designed to support a long-term and comprehensive upgrading of the country’s State Tax Service (“STS” as hereinafter further defined in paragraph (l) of Section 1.02 of this Agreement) and development of a viable state tax collection system, including: (i) voluntary adherence to the tax legislation of the Borrower by taxpayers; (ii) competent, honest, and just administration of taxes by the STS; and (iii) dynamic economic development of the entrepreneurial sector (the Program), and declaring the Borrower’s commitment to the execution of the said Program;